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Oppenheimer Blue goes under the hammer

Investments in magnificent jewel auctions

The recent semi-annual magnificent jewel auctions in Geneva saw many eye-popping bids, which indicated the surging value of rare precious stones. Several billionaires had reportedly invested in the gems to safeguard against market volatility.

Second largest uncut diamond auctioned

Canada-based mining company Lucara Diamond had announced that it had sold a huge uncut 813-carat diamond 'The Constellation' for a record-breaking $63 million.

Dubai-based Nemesis International DMCC, a rough-diamond trading company, had bought the stone at a price of $77,649 per carat.

'The Constellation', world's second largest uncut diamond, was reportedly unearthed in 2015 in Botswana; no other details of the sale were revealed.

Largest uncut diamond ever discovered to be auctioned

The record sale price of ‘The Constellation’ was less likely to last long as Lucara had announced that it would auction the largest diamond ever discovered–‘Lesedi la Rona’ or ‘The Lady’ weighing 1109 carats in London in Jun’16.

Record price in Fancy Vivid Pink category

Sotheby's auction house had sold the 15.38-carat 'Unique Pink' stone; an Asian private buyer had paid up a record-breaking $32 million for the stone.

Ehud Laniado, President-Cora International (seller of the 'Unique Pink' stone), said that the stone's value would increase over time; she was however satisfied with the sale price.

Sotheby's had also auctioned a 7.32-carat blue diamond for $17.1 million.

19 May 2016

Largest blue diamond ever auctioned fetches $57.6 mn

The dazzling 14.62-carat Oppenheimer Blue diamond, which was once owned by Sir Philip Oppenheimer, has been sold during an auction in Geneva.

The largest stone of the exceptionally rare Fancy Vivid Blue class fetched a record-breaking $57.6 million from an anonymous buyer at auction house Christie's.

A Christie's spokesman stated that it was the jewel of all records and over hundreds attended the auction.

'Oppenheimer Blue' beats 'Blue Moon of Josephine'

Before the auction, Christie’s stated that the Oppenheimer Blue had a chance of surpassing the record of the 12.03-carat ‘Blue Moon of Josephine’. It was bought by Hong Kong-based billionaire Joseph Lau at Sotheby’s in Nov’15 for $48.4 million.